(EMAILWIRE.COM, December 24, 2018 ) The Business Research Company’s global motor vehicles market analysis covers the year-on-year growth of the global motor vehicles market historic and forecast growth. It also includes chapters on the motor vehicles market trends, geographical analysis, and competitive landscape.

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The global motor vehicles market is forecast to grow at a CAGR (compound annual growth rate) of around 5.5% by 2020.
Motor Vehicles Market Segmentation
According to TBRC’s global motor vehicles market research, the market is split by segments into Commercial Vehicle, Passenger Car, Motorcycle and Bicycle.
Commercial Vehicle was the largest segment in the motor vehicles market accounting for about 50% of the market. This was due to the presence of a large number of commercial vehicles, which are extensively used for passenger and cargo transportation. Commercial vehicles also generally cost more than cars and motorcycles. This segment includes companies manufacturing light trucks, heavy duty trucks, buses, trailers, minivans and other utility vehicles.
Passenger Car was the second largest segment in the motor vehicles market. This segment includes companies that manufacture passenger cars (with body and chassis) or car chassis only.
Motorcycle and Bicycle was the third largest segment in the motor vehicles market. This was due to the presence of a large number of motorcycles and bicycles, particularly in developing countries, where they are used as a common mode of transport.

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Commercial Vehicle is expected to have the highest CAGR (compound annual growth rate) of around 7.5% during 2017-2021. The high growth in the historic and forecast period can be attributed to increasing demand for commercial vehicles from truck transportation and logistics companies in many developed and developing economies.
The global motor vehicles market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global Commercial Vehicle, Passenger Car, Motorcycle and Bicycle market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are Toyota, Volkswagen Group, General Motors, Daimler AG, and Ford Motor generated.

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